Sector
BFSI
Keyword

Operation Researcher

Operation Research Analyst

Minimum ? Bachelor?s degree

Will be updated

The tasks an Operation Research Analyst is expected to perform include:

Formulating and applying mathematical modelling and other optimizing methods using a computer to develop and interpret information that assists management with decision-making, policy formulation, or other managerial functions

Concentrating on collecting and analyzing data and developing decision support software

Analyzing problem in terms of management information and conceptualizing and defining problem

Proficiency in preparing model of problem in form of one or several equations that relates constants and variables, restrictions, alternatives, conflicting objectives and their numerical parameters

Adept at specifying manipulative or computational methods to be applied to model

Well-versed with evaluating implementation and effectiveness of research

Knowledge of developing and applying time and cost networks to plan and control large projects

Proficiency in preparing for management reports defining problem, evaluation, and possible solution

Adept at studying information and selecting plan from competitive proposals that afford maximum probability of profit or effectiveness relating to cost or risk

Well-versed with defining data requirements and gathering and validating information, applying judgement and statistical tests

Knowledge of designing, conducting, and evaluating experimental operational models where insufficient data exists to formulate model

Adept at performing validation and testing of model to ensure adequacy, or determining need for reformulation

Knowledge of developing related software, service, or products

Knowledge of developing and supplying optimal time, cost, or logistics networks for programme evaluation, review, or implementation

Strong interpersonal skills

Good written and oral communication skills

Logical thinking

Programming skills

Detail-oriented

It is a desk job

Need not handle a team

Local travelling is not part of this job role

Part-time work and contractual jobs are available in some cities

Work from home option is not available

Working hours
Working hours are 10/12 hours everyday for 5/6 days a week. This may vary from company to company

Shift system maybe available

Is the job suitable for a candidate with special needs?
Maybe

This job is not considered to be hazardous or dangerous

Occupational hazards include strain on eyes, cervical and lumbar spondylosis, carpal tunnel syndrome, mental stress, etc.

For freshers - INR 40,000 to INR 50,000 per month

(These figures are indicative and subject to change)

Overview of Banking, Financial Services and Insurance Industry in India

The BFSI industry is one of the fastest growing sectors in the country. Public Sector Banks (PSB) and Non-Banking Financial Companies (NBFC) have been the leading employers in the Indian banking sector, accounting for more than 73 per cent employees. PSBs are much ahead of Private Sector Banks in expanding overseas presence, accounting for over 90% of 171 overseas branches as of FY13.

Banking credit is expected to grow at a CAGR of 17 per cent during 2012-13 to 2016-17. The banking and NBFCs are expected to generate around 1.5 million new jobs between 2013?14 and 2016?17 on account of business expansion, retirement primarily in PSBs and entry of new banks in the private sector.

The sector currently employs over 2.55 million employees and is slated to employ more than 4.2 million employees by 2022. This implies additional creation of 1.6 million jobs in the nine-year period. Keeping in mind the current employment, and the expected growth in the Banking and NBFC, we project that the total employment in the particular segment would increase from about 1.89 million in 2013 to 3.2 million jobs in 2022, which translates to an incremental human resource requirement of about 1.3 million jobs. All these factors mean that there will huge opportunities for Operation Research Analyst in this sector.

Banking companies across India

Financial companies across India

Insurance companies across India

Towns and cities across India